Market Size of uk military aviation Industry
| Icons | Lable | Value |
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Study Period | 2017 - 2030 |
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Market Size (2024) | USD 878.88 Million |
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Market Size (2030) | USD 977.70 Million |
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Largest Share by Sub Aircraft Type | Fixed-Wing Aircraft |
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CAGR (2024 - 2030) | 1.79 % |
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Fastest Growing by Sub Aircraft Type | Fixed-Wing Aircraft |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
UK Military Aviation Market Analysis
The UK Military Aviation Market size is estimated at 878.88 million USD in 2024, and is expected to reach 977.70 million USD by 2030, growing at a CAGR of 1.79% during the forecast period (2024-2030).
878.9 M
Market Size in 2024 (USD)
977.7 M
Market Size in 2030 (USD)
178
Total Deliveries in the Historic Period (2017-2023)
128
Total Deliveries during the Forecast Period (2024-2030)
Largest Market by Sub-Aircraft Type
54.75 %
value share, Fixed-Wing Aircraft, 2023
The country's focus on enhancing its combat capabilities by procuring technologically advanced combat aircraft drives the market's growth.
Largest Market by Body Type
45.25 %
value share, Multi-Mission Helicopter, 2023
The ability to carry heavy payloads in short, unprepared, and semi-prepared airstrips is driving the country to procure transport aircraft.
Leading Market Player
52.69 %
market share, The Boeing Company, 2022
The company leads the UK military aviation market by relying on its diverse skills and technologically advanced facilities across the country.
Second Leading Market Player
22.38 %
market share, Airbus SE, 2022
The company's ability to provide its most advanced fighter jets with superior lethality, connectivity, and survivability is driving it to capture a major market share.
Third Leading Market Player
19.66 %
market share, Lockheed Martin Corporation, 2022
The company's purpose-built helicopters with more cost-effective solutions are driving its market share in the military aviation market.
The country is focusing on the procurement of new-generation aircraft, thereby boosting the growth of the military aviation market
- According to the recently released Defense Equipment Plan for 2021-2031, the United Kingdom intends to upgrade its armed forces by procuring advanced military platforms to prepare for potential threats. Over the following 10 years, beginning in 2021, the country aims to spend USD 321 billion on the purchase and support of equipment. The country is allocating a significant amount of funds to its military to achieve this goal. The country's military budget for 2022 was USD 68.5 billion, a rise of 3.7%. Out of the total government spending, the country has allocated 2.2% of its share to the military. Its NATO membership commits the United Kingdom to devote 2% of its annual GDP to defense. Currently, the country dedicates more than 2% of its GDP to the military.
- The United Kingdom's rising military spending is driving the purchase of new-generation aircraft that may strengthen its aviation capabilities. On this note, the United Kingdom ordered 123 fixed-wing aircraft, which include F-35B (114) combat aircraft, under the Future Combat Air System to replace the country's Eurofighter Typhoon fleet. The country also ordered two Airbus A400M transport aircraft, two P-8A Poseidon, and three E-7A special mission aircraft.
- The United Kingdom also placed an order for 54 helicopters, which include AH-64E (40) multi-mission rotorcraft and CH-47 (14) transport helicopters. All the rotorcrafts are scheduled for delivery by 2028. These helicopters are procured to modernize the country’s armed forces and counter any emerging threats in the future. On this note, the AH-64E will replace the Apache AH1, and the CH-47 will be upgraded to the latest Block II standard.
Understand The Key Trends Shaping This Market
